America West net, operating profits rise in second quarter

America West Holdings Corp., parent of the airline, reported net income of $13.9 million for the second quarter ended June 30, including a $2.7 million unrealized loss associated with fuel hedging transactions and a $4.3 million loss on the sale and leaseback of aircraft during the period.
This was a 30.5% increase over net income of $10.7 million in the prior-year period, which included an unrealized gain on fuel hedging transactions of $7.2 million. Excluding these special items, ...